National Housing Bank
Encyclopedia
The National Housing Bank (NHB) is a state owned bank and regulation authority in India
, created on July 8, 1988 under section 6 of the National Housing Bank Act (1987). The headquarters is in New Delhi
and i's total staff June 30, 2008 was 80.
The institution, owned by the Reserve Bank of India
, was established to promote private real estate acquisition. The NHB is regulating and re-financing social housing programs and other activities like research and IT-initiatives, too.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, created on July 8, 1988 under section 6 of the National Housing Bank Act (1987). The headquarters is in New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
and i's total staff June 30, 2008 was 80.
The institution, owned by the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
, was established to promote private real estate acquisition. The NHB is regulating and re-financing social housing programs and other activities like research and IT-initiatives, too.